Reported about 1 year ago
The first formal talks to restructure over $20 billion of Ukraine's international bonds concluded without an agreement, as creditors rejected Kyiv's proposal for debt relief. Bond payments are set to resume this summer, and Ukraine is seeking larger losses from debt holders to finance defense against Russian aggression and prepare for post-war economic reconstruction. Talks between Ukraine and bondholders began two weeks ago, with creditors not receiving payments since 2022 due to a moratorium after Russia's invasion. Despite commitments from both sides to find a deal, disagreements exist over the extent of the debt haircut proposed by the government.
Source: YAHOO